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Stocks closed higher Wednesday as traders bet the Federal Reserve will begin cutting interest rates as soon as March.
These stocks made moves Wednesday:
Tesla
shares rose 1.9%. A Bloomberg report said the electric-vehicle maker was preparing to launch a revamped version of its popular Model Y SUV from its Shanghai plant. Mass production may start as soon as mid-2024, people familiar with the matter told Bloomberg. The 2024 version of the Model Y will include significant exterior and interior changes.
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